World’s ‘First’ Blockchain Smartphone Finney to Become Available in Bangladesh

Finney, the world’s purportedly first blockchain-enabled smartphone, will soon be available for purchase in Bangladesh.

World’s ‘First’ Blockchain Smartphone Finney to Become Available in Bangladesh
World’s ‘First’ Blockchain Smartphone Finney to Become Available in Bangladesh

According to a report by local newspaper The Daily Star on Sept. 9, the Bangladesh Telecommunication Regulatory Commission approved the phone for import in August and it will be available on the Bangladeshi market in October.

Finney’s launch in Bangladesh comes amid a trend of growing smartphone ownership in the country. According to a 2018 report from global research firm GSMA Intelligence, by 2025, 75% of the population (138 million) will have smartphones, while 41% (73 million) will be mobile internet subscribers.

Switzerland-based Sirin Labs developed the phone following one of the five-largest initial coin offerings of 2017 ($157.8 million). The phone features a built-in cold storage wallet, secured communications and a decentralized application ecosystem.

Sirin Labs' co-founder and co-CEO Moshe Hogeg said that Finney — which is manufactured by electronics giant Foxconn Technology Group — brings multiple facets of blockchain and crypto into one device:

"Before the Finney, you needed a ledger, you needed a computer, you needed wallet software and then you needed to go to an exchange, and then you could convert. The Finney does all of this in one phone."